439300+ entries in 0.186s
mircea_popescu: Fixing the “100% CPU and no useful output” imklog+rsyslog kernel logging problem on Ubuntu guests under Xen PV
mircea_popescu: Mike Gogulski (Bitcoin laundry) ? wtf is that! i need to knoe
mircea_popescu: dub wtf ?! the negligence seen at mtgox happens every month with irl banks.
mircea_popescu: the idea that esperanto helps local languages is pretty good. nothing like something that really sucks as a standard to keep internationalisation at bay.
mircea_popescu: and he's about to graduate the local agricaltural college too!
mircea_popescu: heck, copying what betfair does got him all the way through highschool in rome wisconsin
mircea_popescu: "I have to agree, I was trying to work out how the odds are calculated and it makes no sense. Why not copy what Betfair or Intrade or something like that do."
mircea_popescu: apparently, mutual betting is dumb. so sayz anonymousdicwad on unheardofsite
mircea_popescu: te of the market, as you can with priced markets. 2. You should never bet until the last second so you can know the odds for the bet. In fact, it would make sense to create a sniping bot that would programmatically calculate the odds, compare them to your probability estimate, and only make the bet if it is favorable. There is another site called Bets of Bitcoin (
http://betsofbitco.in/) that has similarly dumb rules.
mircea_popescu: This betting site has a really stupid betting system. It appears that the amount of money you receive isn't based on a pricing of the bet, as is done on all real prediction markets, but based on a simple payout of all the bets received on the other side of the bet by the end of the bet date. This system has two practical consequences: 1. You can't determine the markets current probability estimates from the current sta
mircea_popescu: jesus, i am sick and tired of the internet opening up a global venue for each single imbecile who'd normally be locked away somewherhe among four walls.
mircea_popescu: he ain't patenting anything, he's just shootin da breez
mircea_popescu: i didn't even know they had a contract. you mean post ?
mircea_popescu: "An open letter to LTC-GLOBAL members who are downvoting BMF " eh there you go.
mircea_popescu: no. i just need one single person with good contacts that can get real discounts.
mircea_popescu: and speaking of which, who with actual provable fmcg/retail experience wants to partner to make a real bitcoinamazon ?
mircea_popescu: "BitInstant extremely poor design, lots of confusion, poor service"
mircea_popescu: maybe, he just up and realised one day that he's running an exchange which pretty much has nothing wortyhwhile on it.
mircea_popescu: Diablo-D3 nah, it lost money because you were stubborn and acted as if you can push the market.
mircea_popescu: "o, it's your job to prove that my stock generation rerun is legit"
mircea_popescu: it's very little money and he has a lot of spare time, so arguing about it with him sort of feels like giving a perv a handjob
mircea_popescu: he was dumb and lost a lot of money, is in denial about it.
mircea_popescu: well i don't think that can be a bet cause one person could easily manipulate it
mircea_popescu: im just there to keep it from being really successful.